2. Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted...
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2. Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format Income Statement For Year 3, Quarter 1 Sales Variable expenses: Cost of goods sold Sales commissions Shipping expense Total variable expenses Contribution margin Fixed expenses: Administrative salaries Rent expense Shipping expense Depreciation expense Total fixed expenses Net operating income 493,000.00 77,520.00 45,000.00 27,000.00 25,750.00 36,000.00 $ 816,000.00 133,750.00 2. Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format Income Statement For Year 3, Quarter 1 Sales Variable expenses: Cost of goods sold Sales commissions Shipping expense Total variable expenses Contribution margin Fixed expenses: Administrative salaries Rent expense Shipping expense Depreciation expense Total fixed expenses Net operating income 493,000.00 77,520.00 45,000.00 27,000.00 25,750.00 36,000.00 $ 816,000.00 133,750.00
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Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
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